Fundamaya

Analysis

Fundamaya is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Fundamaya reported income of $1.1m and spending of $1.1m, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $411k to $1.1m (+165%), an average of +63% a year. The sharpest change came in the year to December 2022, when income rose by 88%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Fundamaya sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Missoula Catholic Schools Foundation ($1.1m), Saint Michael the Archangel Highschool ($1.1m) and Selma University ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $33k against liabilities of $0, net assets of $33k.